The influence of financial behavior, overconfidence, and risk perception on investment decisions with the moderating effect of financial literacy on individual millennial generation investors in Jakarta. (CONFIDENTIAL)

About Us

Ipmi Repository is an online archive service which is managed by IPMI Library - Learning Resource Center. Established for collecting, managing, saving, preserving and disseminating digital copies of intellectual output of IPMI International Business School such as academic journal, books, theses, Group Field Project, Community Involvement Project, Case Study, conference paper, and other types of research publication. The main objective of this repository is to provide long-term, public, open access and easily retrieve to the digital collection to support teaching-learning process.

"Knowledge without observation is nil"

Nadhila, Adlina (2024) The influence of financial behavior, overconfidence, and risk perception on investment decisions with the moderating effect of financial literacy on individual millennial generation investors in Jakarta. (CONFIDENTIAL). Graduate thesis, Sekolah Tinggi Manajemen IPMI.

Full text not available from this repository.

Abstract

Investment has become need in the society, it is no longer wants. The society need higher gain in shorter time period. The millennial generation is the largest population at a productive age and plays an important role in investing. However, many of then are still not getting their investment result as they expected. Therefore, there are many factors that must be considered by every investor in order to avoid the risks that may arise to losses in investing. This phenomenon was suspected because the millennial investors are still lack of financial literacy, risk management, reckless financial behavior, and overconfidence on investment decisions. Based on this, the main focus and purpose of this research is to evaluate and analyse the effect of financial literacy, risk perception, financial behavior, and overconfidence on investment decisions in the millennial generation in the Jakarta area to give ideas for the millennial investors and practitioners in making decision to invest. This paper fills a literature gap by testing the financial literacy as a moderator in the relationship of financial behavior, risk perception and overconfidence toward investment decision. The study utilized a quantitative survey of 200 millennial investors in Jakarta, and the data is analyzed using PLS-SEM. This study finds that financial behavior, overconfidence, risk perception has positive effect on investment decisions is accepted, which means that financial behavior affects investment decisions for millennial generation investors in Jakarta. The result also finds that financial literacy moderates the effect of financial behavior and overconfidence on investment decision, but it cannot moderate risk perception on investment decision. The findings in this study will assist the investors get the ideas in making decisions to invest it is likely to be influenced by these three factors. Moreover, financial literacy can moderate the effect of financial behavior and overconfidence on investment decisions. The role of financial literacy as the moderation variable can give the investors insight that financial literacy is something they should prioritize because financial literacy plays a huge role in controlling investors' irrational behavior in decision-making.

Item Type:	Thesis (Graduate)
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Thesis > Master of Business Administration
Depositing User:	Dwi Selviyana
Date Deposited:	01 Jul 2024 07:56
Last Modified:	02 Jul 2024 10:23
URI:	http://repository.ipmi.ac.id/id/eprint/2516

Actions (login required)

View Item